Syngenta AG (SYT) Given Average Rating of “Hold” by Brokerages
Shares of Syngenta AG (NYSE:SYT) have earned an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $91.60.
A number of equities research analysts recently weighed in on SYT shares. Zacks Investment Research raised shares of Syngenta AG from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research report on Saturday, May 6th. BidaskClub cut shares of Syngenta AG from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th.
Shares of Syngenta AG (NYSE SYT) opened at 92.08 on Friday. The firm has a market capitalization of $42.51 billion, a P/E ratio of 40.80 and a beta of 0.97. Syngenta AG has a 12 month low of $74.52 and a 12 month high of $93.61. The firm’s 50-day moving average price is $92.36 and its 200 day moving average price is $90.15.
Several large investors have recently made changes to their positions in the stock. Mondrian Investment Partners LTD boosted its stake in shares of Syngenta AG by 30.9% in the first quarter. Mondrian Investment Partners LTD now owns 643,293 shares of the basic materials company’s stock worth $56,931,000 after buying an additional 152,000 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Syngenta AG during the first quarter worth approximately $54,379,000. Marshall Wace North America L.P. acquired a new stake in shares of Syngenta AG during the first quarter worth approximately $54,379,000. Tudor Investment Corp ET AL boosted its stake in shares of Syngenta AG by 1.6% in the first quarter. Tudor Investment Corp ET AL now owns 513,291 shares of the basic materials company’s stock worth $45,426,000 after buying an additional 8,000 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Syngenta AG by 32.2% in the first quarter. Bank of America Corp DE now owns 478,491 shares of the basic materials company’s stock worth $42,347,000 after buying an additional 116,662 shares during the last quarter. 8.32% of the stock is owned by institutional investors and hedge funds.
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About Syngenta AG
Syngenta AG (Syngenta) is an agribusiness company. The Company operates in the crop protection and seeds business, which is involved in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality, and in the lawn and garden business, which provides professional growers and consumers with flowers, turf and landscape, and professional pest management products.
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